Recommended levels and amounts

The following budgetary levels are appropriate for each of fiscal years 2025 through 2034: (1) Federal revenues For purposes of the enforcement of this concurrent resolution: (A) The recommended levels of Federal revenues are as follows: Fiscal year 2025: $3,408,969,000,000. Fiscal year 2026: $3,766,668,000,000. Fiscal year 2027: $4,066,393,000,000. Fiscal year 2028: $4,186,847,000,000. Fiscal year 2029: $4,309,831,000,000. Fiscal year 2030: $4,508,641,000,000. Fiscal year 2031: $4,730,270,000,000. Fiscal year 2032: $4,938,712,000,000. Fiscal year 2033: $5,172,643,000,000. Fiscal year 2034: $5,410,030,000,000. (B) The amounts by which the aggregate levels of Federal revenues should be changed are as follows: Fiscal year 2025: -$450,000,000,000. Fiscal year 2026: -$450,000,000,000. Fiscal year 2027: -$450,000,000,000. Fiscal year 2028: -$450,000,000,000. Fiscal year 2029: -$450,000,000,000. Fiscal year 2030: -$450,000,000,000. Fiscal year 2031: -$450,000,000,000. Fiscal year 2032: -$450,000,000,000. Fiscal year 2033: -$450,000,000,000. Fiscal year 2034: -$450,000,000,000. (2) New budget authority For purposes of the enforcement of this concurrent resolution, the appropriate levels of total new budget authority are as follows: Fiscal year 2025: $5,515,610,000,000. Fiscal year 2026: $5,605,352,000,000. Fiscal year 2027: $5,744,975,000,000. Fiscal year 2028: $5,999,399,000,000. Fiscal year 2029: $6,173,475,000,000. Fiscal year 2030: $6,494,898,000,000. Fiscal year 2031: $6,748,868,000,000. Fiscal year 2032: $7,048,096,000,000. Fiscal year 2033: $7,438,116,000,000. Fiscal year 2034: $7,610,582,000,000. (3) Budget outlays For purposes of the enforcement of this concurrent resolution, the appropriate levels of total budget outlays are as follows: Fiscal year 2025: $5,490,790,000,000. Fiscal year 2026: $5,623,085,000,000. Fiscal year 2027: $5,821,621,000,000. Fiscal year 2028: $6,088,332,000,000. Fiscal year 2029: $6,164,293,000,000. Fiscal year 2030: $6,484,545,000,000. Fiscal year 2031: $6,720,491,000,000. Fiscal year 2032: $6,983,637,000,000. Fiscal year 2033: $7,401,699,000,000. Fiscal year 2034: $7,529,256,000,000. (4) Deficits For purposes of the enforcement of this concurrent resolution, the amounts of the deficits are as follows: Fiscal year 2025: $2,081,821,000,000. Fiscal year 2026: $1,856,417,000,000. Fiscal year 2027: $1,755,228,000,000. Fiscal year 2028: $1,901,485,000,000. Fiscal year 2029: $1,854,462,000,000. Fiscal year 2030: $1,975,904,000,000. Fiscal year 2031: $1,990,221,000,000. Fiscal year 2032: $2,044,925,000,000. Fiscal year 2033: $2,229,056,000,000. Fiscal year 2034: $2,119,226,000,000. (5) Debt subject to limit The appropriate levels of debt subject to limit are as follows: Fiscal year 2025: $37,660,656,000,000. Fiscal year 2026: $39,839,449,000,000. Fiscal year 2027: $41,752,932,000,000. Fiscal year 2028: $43,721,320,000,000. Fiscal year 2029: $45,725,094,000,000. Fiscal year 2030: $47,646,893,000,000. Fiscal year 2031: $49,490,401,000,000. Fiscal year 2032: $51,311,359,000,000. Fiscal year 2033: $53,342,100,000,000. Fiscal year 2034: $55,566,372,000,000. (6) Debt held by the public The appropriate levels of debt held by the public are as follows: Fiscal year 2025: $30,430,405,000,000. Fiscal year 2026: $32,469,082,000,000. Fiscal year 2027: $34,395,037,000,000. Fiscal year 2028: $36,452,960,000,000. Fiscal year 2029: $38,403,594,000,000. Fiscal year 2030: $40,444,544,000,000. Fiscal year 2031: $42,449,786,000,000. Fiscal year 2032: $44,476,114,000,000. Fiscal year 2033: $46,612,129,000,000. Fiscal year 2034: $48,599,876,000,000.

The following budgetary levels are appropriate for each of fiscal years 2025 through 2034: (1) Federal revenues For purposes of the enforcement of this concurrent resolution: (A) The recommended levels of Federal revenues are as follows: Fiscal year 2025: $3,408,969,000,000. Fiscal year 2026: $3,766,668,000,000. Fiscal year 2027: $4,066,393,000,000. Fiscal year 2028: $4,186,847,000,000. Fiscal year 2029: $4,309,831,000,000. Fiscal year 2030: $4,508,641,000,000. Fiscal year 2031: $4,730,270,000,000. Fiscal year 2032: $4,938,712,000,000. Fiscal year 2033: $5,172,643,000,000. Fiscal year 2034: $5,410,030,000,000. (B) The amounts by which the aggregate levels of Federal revenues should be changed are as follows: Fiscal year 2025: -$450,000,000,000. Fiscal year 2026: -$450,000,000,000. Fiscal year 2027: -$450,000,000,000. Fiscal year 2028: -$450,000,000,000. Fiscal year 2029: -$450,000,000,000. Fiscal year 2030: -$450,000,000,000. Fiscal year 2031: -$450,000,000,000. Fiscal year 2032: -$450,000,000,000. Fiscal year 2033: -$450,000,000,000. Fiscal year 2034: -$450,000,000,000. (2) New budget authority For purposes of the enforcement of this concurrent resolution, the appropriate levels of total new budget authority are as follows: Fiscal year 2025: $5,515,610,000,000. Fiscal year 2026: $5,605,352,000,000. Fiscal year 2027: $5,744,975,000,000. Fiscal year 2028: $5,999,399,000,000. Fiscal year 2029: $6,173,475,000,000. Fiscal year 2030: $6,494,898,000,000. Fiscal year 2031: $6,748,868,000,000. Fiscal year 2032: $7,048,096,000,000. Fiscal year 2033: $7,438,116,000,000. Fiscal year 2034: $7,610,582,000,000. (3) Budget outlays For purposes of the enforcement of this concurrent resolution, the appropriate levels of total budget outlays are as follows: Fiscal year 2025: $5,490,790,000,000. Fiscal year 2026: $5,623,085,000,000. Fiscal year 2027: $5,821,621,000,000. Fiscal year 2028: $6,088,332,000,000. Fiscal year 2029: $6,164,293,000,000. Fiscal year 2030: $6,484,545,000,000. Fiscal year 2031: $6,720,491,000,000. Fiscal year 2032: $6,983,637,000,000. Fiscal year 2033: $7,401,699,000,000. Fiscal year 2034: $7,529,256,000,000. (4) Deficits For purposes of the enforcement of this concurrent resolution, the amounts of the deficits are as follows: Fiscal year 2025: $2,081,821,000,000. Fiscal year 2026: $1,856,417,000,000. Fiscal year 2027: $1,755,228,000,000. Fiscal year 2028: $1,901,485,000,000. Fiscal year 2029: $1,854,462,000,000. Fiscal year 2030: $1,975,904,000,000. Fiscal year 2031: $1,990,221,000,000. Fiscal year 2032: $2,044,925,000,000. Fiscal year 2033: $2,229,056,000,000. Fiscal year 2034: $2,119,226,000,000. (5) Debt subject to limit The appropriate levels of debt subject to limit are as follows: Fiscal year 2025: $37,660,656,000,000. Fiscal year 2026: $39,839,449,000,000. Fiscal year 2027: $41,752,932,000,000. Fiscal year 2028: $43,721,320,000,000. Fiscal year 2029: $45,725,094,000,000. Fiscal year 2030: $47,646,893,000,000. Fiscal year 2031: $49,490,401,000,000. Fiscal year 2032: $51,311,359,000,000. Fiscal year 2033: $53,342,100,000,000. Fiscal year 2034: $55,566,372,000,000. (6) Debt held by the public The appropriate levels of debt held by the public are as follows: Fiscal year 2025: $30,430,405,000,000. Fiscal year 2026: $32,469,082,000,000. Fiscal year 2027: $34,395,037,000,000. Fiscal year 2028: $36,452,960,000,000. Fiscal year 2029: $38,403,594,000,000. Fiscal year 2030: $40,444,544,000,000. Fiscal year 2031: $42,449,786,000,000. Fiscal year 2032: $44,476,114,000,000. Fiscal year 2033: $46,612,129,000,000. Fiscal year 2034: $48,599,876,000,000.